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Chicago 60636 Marquette Park
6525 S Artesian Avenue
$38,000
● House - Off Market

6525 S Artesian Avenue

CHICAGO, IL 60629
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$62,342
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

CONTRACTORS AND INVESTORS, MARQUETTE PARK BRICK BUNGALOW IN NEED OF TOTAL REHAB. BASEMENT HAS ROUGHED IN PLUMBING FOR A BATH. PRICED TO SELL!  CASH ONLY!. DRIVE BY AND EMAIL OFFER PLEASE . UTILITIES OFF. COMES WITH SURVEY AND ARCHITECT PLANS. BUYERS RESPONSIBLE FOR CITY VIOLATIONS. THIS IS NOT A SHORT SALE OR FORECLOSURE. QUICK CLOSING WANTED TOO!!! LISTING BROKER AND SELLER ASSUME NO RESPONSIBILITY AND MAKE NO GUARANTEES/WARRANTIES OR REPRESENTATIONS AS TO THE AVAILABILITY OR ACCURACY OF THE PROPERTY INFORMATION, PHOTOGRAPHS, OR OTHER INFO DEPICTED/DESCRIBED WITHIN.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$34
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #09678193)

Price History

Date / Event Date Event Price
Jul 17, 2017 Sold
Premium
Sold
Jul 2, 2017 Listed by RE/MAX House of Real Estate $39,000
Listed by RE/MAX House of Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,720
  • Lot Size Depth Feet: 300
  • Lot Size Frontage Feet: 1,230
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBE & MCKINNONS 67TH ST & WESTERN
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (COBE) & (MCKINNONS)(67TH) ST & (WESTERN) AVE SUB OF SE NE SEC 24-38-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 660800

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 72
  • Parcel: 19-24-223-009-0000
  • Block: 1
  • Lot: 36
  • Meridian: SEC 24 TWN 38N RNG 13E
  • Municipality: LAKE
  • Latitude: 41.7748
  • Longitude: -87.6845

    Address

  • Full Address: 6525 S Artesian Ave
  • Address - House Number: 6525
  • Street Direction: S
  • Address - Street Name: Artesian
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C051
  • 4-Digit Zip Code: 1304
  • Zip Code: 60629

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $136,102
  • Tax Rate Code Area: 72014

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 223,662
  • High Value: 280,231
  • Low Value: 167,092

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $29,760
  • Market Improvement Value: $70,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $2,976
  • Assessed Improvements Value: $7,024

    Sales

  • Current Sale Contract Date: Apr 10, 2018
  • Current Sale Recording Date: Apr 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1810913027
  • Previous Sale Recording Date: Jul 18, 2017
  • Previous Sale Contract Date: Jun 17, 2017
  • Previous Sale Amount: $38,000
  • Previous Sale Document Type: 20

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Side

Stats & Trends

Median Asking:

$281,300

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1139 ft²

Average Home Age

92.6 years

Currently For Sale

673 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: , RE/MAX House of Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09678193
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 6525 South Artesian Avenue built and last sold?
The property at 6525 South Artesian Avenue was built in 1920 and last sold on Apr 10, 2018 for $190,000.
How much is this home worth?
The estimated value of the home located at 6525 South Artesian Avenue is $0.
What are some comparable homes to 6525 South Artesian Avenue?
There are currently no comparable homes to 6525 South Artesian Avenue.
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